If paying the deposit is an issue, you might want to consider a prepaid electric plan. Smart meter technology allows you to receive electronic notification on your account balance. This is a huge improvement over the old prepaid electric plans that required monthly true-ups. Because these electricity plans require zero deposit, they are a great way to get competitive rates while keeping some cash in your pocket.
There are over 50 retail electric providers competing for your home and business in the Texas electricity market. Whether you are located in Houston or Dallas, Cypress, Spring or Tomball, or ANY of the deregulated areas throughout Texas, Lantern evaluates hundreds of offers to find the lowest cost available for your home and business. Our report is free and if you accept our recommendation, the power company of your choice will pay us a finder’s fee!
Add JustGreen to any plan and we’ll buy renewable-energy credits equivalent to 100 percent of your energy usage. This helps offset your emissions and supports energy projects like wind and solar farms. For Dallas residents who worry about the size of their carbon footprint in such a large city, that’s a huge perk. So if you want an electric and lights company that cares about the environment as much as you do, get Amigo Energy today.
Final switch tips. When you make your final selection, don’t call your current electricity provider to cancel. Sign up with the new company only. Try to sign up at least five to seven days before your plan expires so the overlap between the two billing cycles is negligible. Some people switch too late and pay higher prices during the transition. If you have a smart meter, the state rule is you must be switched within 48 hours. But five to seven days is safer.
Electricity rates in Texas are not fixed. Your rate can vary greatly depending on your usage and your electric plan. Some plans have relatively flat rates, while others can be all over the place. This means that you could end up paying 7¢ for 999 kWhs and 8.5¢ for 1001 kWhs. That would be a 16% increase because you microwaved a few potatoes. Learn more on the different plan types here.
The Bad News: Earlier this year, Texas REPs, or Retail Energy Providers such as Frontier, TXU and Payless Power, were informed that energy prices will be high this summer. Electric Rates in major cities such as Dallas, Fort Worth, Houston, Corpus Christi and Waco are high across the board, making it almost impossible to believe a “cheapest energy” claim.
While the best electricity provider for you is dependent on your specific budget and energy usage, you can’t go wrong with a plan from any of our top retailers. Consider what’s most important to you: Is it term-length? Green energy options? Rewards programs or home service offerings? No matter what, SaveOnEnergy.com can help you find the plan and provider for you.